nFinanSe Inc. (NFSE)
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nFinanSe Inc. Profile
| Financial Services Industry | Financials Sector | Jerry A. Welch CEO | OTC PINK Exchange | 65338C109 CUSIP |
| US Country | 71 Employees | - Last Dividend | 26 Dec 2006 Last Split | - IPO Date |
Overview
nFinanSe Inc. is a financial services company that specializes in providing stored value cards (SVCs) in the United States. The company targets a variety of retail environments for the distribution of its products, including grocery stores, convenience stores, and general merchandise stores. Originally founded in 2000 as Morgan Beaumont, Inc., it underwent a name change to nFinanSe Inc. in 2006 to better reflect its focus on financial services. The company is based in Tampa, Florida, and has made significant strides in expanding its reach within the financial market, notably through its extensive nFinanSe Network locations and retail agent locations.
Products and Services
nFinanSe Inc. offers a comprehensive range of stored value card products to meet the diverse needs of its customers. These include:
- Visa and Discover Branded Cards: These are branded SVCs that are affiliated with major payment processing networks, Visa and Discover. They offer consumers the flexibility of using them in a wide array of purchasing scenarios globally where Visa or Discover cards are accepted.
- Bank-Issued General Purpose Reloadable (GPR) Cards: GPR cards are versatile financial tools that allow users to load funds onto the card and use it for various transactions. These cards are especially useful for consumers without traditional bank accounts, offering an alternative way to manage money securely and conveniently.
- Gift Cards: nFinanSe Inc. provides an assortment of gift cards, which are ideal for consumers looking to give preset monetary gifts that can be used at specific retailers or a range of shopping locations, depending on the gift card type. These cards enhance the shopping experience by offering flexibility and choice to the recipient.
The company's products are made easily accessible to consumers through a well-established distribution network that spans approximately 84,000 nFinanSe Network locations, prominently featuring Western Union and MoneyGram locations, along with around 19,000 retail agent locations. This extensive network ensures that nFinanSe’s financial products are readily available to a broad consumer base across the United States.
